FYI: Harvard University economist Lawrence Summers sees economic danger ahead.
A Treasury secretary under President Clinton, an economic adviser to President Obama and a former president of Harvard, Mr. Summers doesn’t anticipate an economic nosedive. But he says he sees a nearly 50% chance of a U.S. recession before 2021. Despite healthy consumer spending and a resilient stock market, he sees threats from weakness in the U.S. industrial sector, the fragile global economy and trade tension.
Regards,
Ted
https://www.wsj.com/articles/summers-sounds-the-alarm-11567995181?mod=md_mf_news
